LTC is looking very strong but will have run out of steam to continue in the same way for much longer, it will need to pull back before the next step. I am thinking the very strong support at the FIB 50% level (which goes back some time) is a very good place to add to this position. I believe, and these are my own thoughts, that LTC lead the recovery of BTC with this strong move and for me, adds substantial weight to this coin moving forward. I believe there is strong potential for LTC in the future. I realize that this move came from the Litepay and Litecoin cash announcements but even so to effect BTC and bring it back (for many traders believed) from the edge of doom is quite remarkable. Anyway those are my thoughts on this latest development in the on going saga of crypto currency. I think everyone should have LTC in their portfolio as it could be invaluable in the future.
I will update these thoughts as we move forward.
I will update these thoughts as we move forward.